Mitas celebrates official opening of new two-wheeler tyre factory in India
Mitas’s newest two-wheeler tyre production facility in India has been formally inaugurated, following our early 2022 article that the factory was ready to commence production. The factory, which will serve global motorcycle tyre markets, is the result of a joint venture with the Mahansaria Group. The two companies are combining their expertise to bring Mitas tyre engineering into the two-wheeler tyre market. Both companies have been working throughout the challenges of the last two years, to test and produce tyres. The Mitas brand is part of Trelleborg Wheel Systems, whose sale to Yokohama for 2.1 billion euros was confirmed at the turn of the year.
Having already given its sites for South Korea and North America the treatment, Hankook Tire is continuing the renewal of its official websites in a further 26 countries. It says the new sites aim to “strengthen the platform’s function as a sales hub” and will “provide users with a more user-friendly, interactive digital experience.”
In addition to gaining ISO 9001 certification, Pyrum Innovations has started test operation of a new pelletiser at its plant site in Dillingen, Germany. The pelletiser enables the recovered carbon black (rCB) obtained via the pyrolysis process to be bonded into pellets, which increases their transportability and facilitates the further processing of the raw material.
Pyrum quality management system gains ISO 9001 certification
Pyrolysis-based end-of-life tyre (ELT) recycling specialist Pyrum Innovations AG has received ISO 9001 certification for its quality management in the scope of ELT recycling, production and sales of the resulting products, research and development of new input materials and products, and plant design and construction. Passing this audit confirms the German company’s implementation of and compliance with the quality management system according to DIN EN ISO 9001:2015.
Pierre Michelin moves closer to the ‘family-origin’ business
Following the publication of Michelin’s first quarter 2022 financial results, group CEO Florent Menegaux commented on the appointment of Pierre Michelin as president of the Michelin family’s Mage-Invest holding company. Mage-Invest holds 4.2 per cent of the shares and 7 per cent of the voting rights of Michelin Group.
Prometeon launches Pirelli-branded Serie 02 truck tyre range
In early May, Prometeon Tyre Group launched its Pirelli-branded Serie 02 truck tyre range in Venice, Italy. More than 200 customers from 10 countries were invited to learn about the launch of the Serie 02, which has been on sale in the EMEA region since April. General manager Roberto Righi, chief technical officer Alexandre Bregantim, head of marketing Sabina Oriani and region Europe CEO Francesco Antonacci were all on-hand to explain about Prometeon’s latest products and strategies.
Product testing at the Pirelli Sottozero Centre in Lapland, Sweden is now taking place in summer as well as winter. Pirelli says it switched the facility to year-round testing in response to increased demand for product development on both wet and dry roads, particularly for all-season and winter tyres. The team at the Sottozero Centre recently wrapped up its winter test programme for the season and is now beginning the summer programme.
Although impacted by the rising cost of raw materials and logistics, off-highway tyre specialist BKT delivered a healthy profit in the financial year ending 31 March 2022. Profit after tax rose 22 per cent year-on-year to Rs 14.11 billion (£148.58 million) on the back of income that rose 47 per cent to Rs 84.19 billion (£886.52 million) and sales volumes that increased 27 per cent to 288,795 tonnes. EBITDA was, at Rs 21.82 billion (£229.76 million), up 21 per cent, with the margin contracting 5.6 percentage points to 25.9 per cent.
Sodium-ion batteries offer a number of advantages compared with their lithium-ion counterparts. Natron Energy, Inc. has spent ten years perfecting sodium-ion battery chemistry for mass manufacturing, and in 2021 released the world’s first UL listed sodium-ion battery product. It has now entered into a strategic agreement with Clarios International Inc. that will result in the world’s first mass-produced sodium-ion batteries.
Shareholders at the Annual Meeting of Compagnie Générale des Établissements Michelin on 13 May voted in favour of splitting the par value of the Michelin share into four. Michelin explains that this decision is linked to the 66 per cent rise in the share price between 31 December 2018 (€86.70) and 31 December 2021 (€144.15).
Triangle Tire has scrapped its plans to a build roughly half-a-billion dollar tyre factory in North Carolina, USA. According to the company, the project which had been strongly supported by local government officials in North Carolina was ended amicably with mutual consent.
Birla Carbon rated Platinum by EcoVadis for sustainable business practices
Birla Carbon has been awarded a Platinum level rating by EcoVadis for sustainability. This recognition confirms Birla Carbon’s position as an industry leader in advanced sustainability practices and reporting and places it in the top 1 per cent of companies rated by EcoVadis. The rating was provided after reviewing Birla Carbon’s sustainability practices in its recently published ninth sustainability report, Driving Circularity.
Later this month, Falken Tyre Europe will display a range of more than twenty tyre models at The Tire Cologne. This array of products will include several newcomers, such as the Falken e.Ziex electric car tyre, Azenis FK520 UHP tyre and Eurowinter HS02 and HS02Pro winter tyres.
Apollo Tyres reports revenue of Rs 209.48 billion (£2.22 billion) for the financial year ending 31 March 2021, 20 per cent higher than during the prior fiscal year. EBITDA declined 8.0 per cent year-on-year to Rs 25.74 billion (£272.59 million), with the EBITDA margin contracting 379 Bps to 12.3 per cent. Net profit stands at Rs 6.39 billion (£67.67 million).
Yokohama Rubber: Record sales, lower profit in Q1 2022
Although the sales revenue of 185.6 billion yen (£1.2 billion) earned by the Yokohama Rubber Co., Ltd. in Q1 2022 was the highest figure it ever achieved in the January-to-March quarter and a 28.4 per cent improvement on the result attained a year earlier, the company nonetheless had little cause for celebration by the time rising costs and other complications were factored in. Profit attributable to owners of parent declined 63.5 per cent year-on-year in the first quarter of 2022 to 10.2 billion yen (£64.9 million). Operating profit was, at 13.7 billion yen (£87.1 million), down 62.7 per cent.